BWXT-led Team Awarded $45 Billion Environmental Management Contract for DOE’s Hanford Site
(LYNCHBURG, Va. – March 4, 2024) – BWX Technologies, Inc. (NYSE: BWXT) today announced a contract with an estimated value of up to $45 billion over a 10-year ordering period from the U.S. Department of Energy (DOE) for environmental management operations at the Hanford Site in Washington. The DOE announced that the Hanford Integrated Tank […]
BWX Technologies Reports Fourth Quarter and Full Year 2023 Results, Initiates 2024 Guidance
Lynchburg, VA – Feb. 27, 2024 – BWX Technologies, Inc. (NYSE: BWXT) (“BWXT”, “we”, “us” or the “Company”) reported fourth quarter and full year 2023 results. A reconciliation of non-GAAP results are detailed in Exhibit 1. “We had a strong finish to 2023, with double-digit revenue and adjusted EBITDA growth and robust free cash flow in […]
BWXT Subsidiary Awarded $122 Million Contract Extension for Uranium Downblending Services
(LYNCHBURG, Va. – February 14, 2024) – BWX Technologies, Inc. (NYSE: BWXT) today announced that its Nuclear Fuel Services, Inc. (NFS) subsidiary was awarded a $122 million contract extension from the Tennessee Valley Authority (TVA) for the downblending of highly enriched uranium (HEU) into low enriched uranium (LEU). Under this contract, NFS will continue to […]
BWX Technologies to Announce Fourth Quarter and Full-Year 2023 Results on Tuesday, February 27
(LYNCHBURG, Va. – January 18, 2024) – BWX Technologies, Inc. (NYSE: BWXT) will issue a press release detailing fourth quarter and full-year 2023 results on Tuesday, February 27, 2024 after market close and will host a conference call at 5:00 p.m. EST. Listen-only participants are encouraged to participate and view the supporting presentation via the internet […]
BWXT Names Nicole W. Piasecki to Board of Directors
(LYNCHBURG, Va. – January 3, 2024) – BWX Technologies, Inc. (NYSE: BWXT) announced today that Nicole W. Piasecki has been appointed to its board of directors effective January 2, 2024. Piasecki spent 25 years with The Boeing Company in a number of senior leadership positions, including the role of vice president and general manager of […]
BWXT Medical Expands Collaboration with Fusion Pharmaceuticals Through Strengthened Actinium Supply and Access to Generator Technology
Agreement Furthers BWXT Medical’s Position as a Global Leader in Actinium Supply Collaboration Enables Fusion to Produce High Purity Actinium-225 At Its Manufacturing Facility for Clinical Trials (OTTAWA, Ontario – November 16, 2023) – BWXT Medical Ltd. and Fusion Pharmaceuticals Inc. (Nasdaq: FUSN) today announced that the companies have entered into an agreement for the […]
BWXT Names Mike Boorstein as New General Manager for Euclid Manufacturing Facility
(EUCLID, Ohio – November 9, 2023) – BWX Technologies, Inc. (NYSE: BWXT) has appointed Mike Boorstein as the new general manager for its Nuclear Operations Group-Euclid manufacturing facility. In this role, Boorstein will have full responsibility for BWXT’s daily operations at the site. The facility employs more than 350 workers and manufactures electro-mechanical components for […]
BWXT Selected as Nuclear Fuel and Component Manufacturer for Air Force Research Laboratory’s JETSON Program
(LYNCHBURG, Va. – November 8, 2023) – BWX Technologies, Inc. (NYSE: BWXT) today announced that it has been selected as the nuclear fuel and components manufacturer for the Air Force Research Laboratory’s Joint Emergent Technology Supplying On-Orbit Nuclear (JETSON) high power mission application program, which will mature high-power nuclear electric power and propulsion technologies and […]
BWX Technologies Reports Third Quarter 2023 Results
• 3Q23 revenues of $590.0 million• 3Q23 net income of $60.4 million, adjusted EBITDA(1) of $106.5 million• 3Q23 diluted GAAP EPS of $0.66, non-GAAP(1) EPS of $0.67• Multiple agreements signed to progress microreactor development for commercial applications• Narrowing 2023 non-GAAP(1) EPS guidance to $2.90-$2.95• Preliminary 2024 guidance for non-GAAP EPS(1) and adjusted EBITDA(1) to grow […]
BWXT Announces $300 Million Contract for Naval Nuclear Reactor Fuel
(LYNCHBURG, Va. – October 24, 2023) – BWX Technologies, Inc. (NYSE: BWXT) today announced the award of a U.S. Naval Nuclear Propulsion Program contract totaling approximately $300 million for the manufacture of naval nuclear reactor fuel. Under this contract, BWXT subsidiary Nuclear Fuel Services, Inc., located in Erwin, Tennessee, will manufacture and deliver fuel for […]
